A Reverse Mortgage Lender:
Generation Mortgage Company
Generation Mortgage Company, a reverse mortgage lender, is one of the nation's leading independent reverse mortgage lenders. Generation Mortgage Company offers professional services for senior homeowners seeking a secure financial future. As a reverse mortgage lender, Generation Mortgage provides only reverse mortgage products.
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The program is designed for homeowners who are 62 years of age or older to tap into the equity of their homes and receive payments to cover expenses or supplement retirement income. By following a few simple guidelines (which are outlined below), homeowners who secure a reverse mortgage and meet the obligations of the loan, stay in their homes as long as they desire and can even eliminate monthly mortgage payments by using the loan to pay off an existing mortgage.
Count on the Professionals
Offering award-winning customer service, Generation Mortgage Company provides no cost, no obligation evaluations with knowledgeable reverse mortgage professionals who are available to answer questions.
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Our professionals can compare reverse mortgage options to help the homeowner determine which loan best suits their needs and lifestyle. Generation Mortgage Company is the only lender offering a Jumbo Reverse Mortgage product. The
Generation Plus® is a jumbo reverse mortgage offering the highest available payout on homes valued at more than $1.5 million.
No Spending Restrictions
Many of our clients are very discerning managers of their money and have demonstrated this by building up equity in their own home. How homeowners choose to spend reverse mortgage funds is a choice each borrower has the authority to make and many choose to continue to use the money to meet their obligations and stay in their own home for their remaining years of retirement.
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Generation Mortgage Company, a reverse mortgage lender, can explain the various payout options for reverse mortgage loans that can be tailored to suit individual needs. Some Generation Mortgage Company applicants and borrowers choose payments in a lump sum of cash, while others opt for a line of credit or a combination of the two. Another payout option is a monthly draw. There are no restrictions on how homeowners spend their money. The proceeds from a reverse mortgage loan can be used to:
- Pay off existing mortgage
- Pay property taxes and insurance
- Cover medical expenses
- Make home repairs or improvements
- Pay for car repairs
- Pay for in-home care
- Establish savings fund
How to Qualify
Generation Mortgage Company, a reverse mortgage lender, can help determine your eligibility for a reverse mortgage. Requirements typically include living in the home as a primary resident, having the mortgage paid or nearly paid, and keeping the taxes, insurance and repairs current. Generation Mortgage, offers a wealth of experience and expertise to successfully guide homeowners through the reverse mortgage process, including free tools and information: